Up/Down Vol Ratio

The Up/Down Volume Ratio is a tool utilized by investors.com. They describe it as "A 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock."

It is best used to confirm buying or selling pressure in your stock in conjunction with price analysis.

Acknowledgment
The formula is obtained from the investors.com education section: education.investors....lh-down-volume-ratio

Thank you to @JohnMuchow for upgrading my code for best practices when publishing.

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Version 2.0

■ Added an option to highlight the indicator background if it is equal to or greater than a set value.